St Giles, Church Annual Report and Financial Statements of the Parochial Church Council for the year ended 31 December 2023 Chaiity Commission Registration No, 1130247 Secretary Mr. Roger Oldfield Bankers Barclays Bank 54 High Street, Ruislip Lloyds Bank 82 High Street, Ruislip Independent Examiner Mrs. Fiona Chandramohan FCA fol lowing Christ I growi ng together I reaching out
PAROCHIAL CHURCH COUNCIL OF ST GILES, ICKENHAM ANNUAL REPORT FOR 2023 Alm5 and purpose6. The ParoGhial Church Council IPCC} has the responsibility of co-operating with the Rector in promoting in the ecdesiastical parish the whole mission of the Church-. pastoral, evangelist, social, and ecumenrcal. PCC members are charity Iruslees and stewards ol the church's money and resources. PCC is responsible forthe maintenance and repair ofthe church, churchyard, and moveable objects. The church is situated atthe junction of Swaketeys Road, High Roaj, a1 Long Lane, Ickenham. Charity Commission number1130247. Objectlves Following the 2023 APCM a new Mlsslon Action Plan was published for the period 2023- 2028. This stated our Mission Objectives. As a church, we want everybody lo feel the love of God in Christ. To be and make disciples of Christ. To do this we will.. Follow Christ as ¢onfident disciples by d8v8loping our Trlalionship with God. Reach out lo our Community Creatively. Growtogether as Compa551onate cornmunities. Followlng Christ Ihmugh worship. prdyer, and meditalion. In 2023 we continued the pattem of seNices from 2022. Sunda momin 8:00 BCP Communion servic6 &v8ry w88k. 9,30am Family Praise service18XC8Pt forwegk11 10.'30am (week 1 only) All-age Communion servic8 10,'30am CW Communion service {excepl week11 Sunda evenin 6.30pm Prayers for healing fvice a y8ar. Held Aprfl and Octob&r. Weekda aclivilies.. Thursday 10.00am BCP Holy Communlon followed by a lime offellowship ov8rcoffe8. Saturdays Imonthly, on the 3rd Saturday ol each month) 4.00- 6.00pm Messy Church in th8 hall forvth¢4e families lo encountsr Jesus through crdft, messy activities, cooklng, slory, and song, finishing with a meal togelh8r. Lent Ash Wednesday seTvices were held wlh optional ashing al10.'OOam and 8.00pm. Extra Lent study groups were offered. ra er Mlnisl is offered afterlhe main Sunday moming services. Home rou LS. A number of homegroups meet regulady In Ickenham {rnost fortnightly, bul some weekly or mnthlyl and are open to members of bolh churches. Growlng together fftln St GI, and also with ourfiiends from the lckenham United Refrjmed Church Ihrough our Covenant with them. The statement on our covenantsays Ihat'we will not do separatety that whiGh we could do tcgetherf. Joint services took place as follows.. Week of prayer for Christian Unty- Maundy ThUlaY evenlng., Good Frfday all age & An Iul al the Cross-, Covenant Service; Advent Carols. Candlelight Lessons and Carols. The IGkenham Churches Holiday Club was held in July 2023. Various In-person fellowship activities were held. Essence I'lively women of all ages'l, Mothers Unlon, and Ickemien contlnued to meet. Church coffee fellowship was held following Sunday10'.30 seNices. There was an Aftemoon Tea to welcome Newcomers to the Church (post pandemic} and another to celebrate fhe King's Coronation. The Church BBQ was held in June. Reachlng Out to the community. We have a comprehenswe website which is kept up to dale and a FacetrM)ok account. Members of the wider Ickenham community are able to engage wlth our IivÈ-slream services on the church Youtube channel. Missions.. A variety of charities were supported during Ihe year, which were a mixture of l(Kal, national and intemational mission5- The Bishop of Will&den's Discretionary Fund, Hillingdon Women's Cenlre, CMS Africa, Kisiizi Hospital, Hillingdon Foodbank, A Rocha, Chrislian Aid, Open th)ors, Shooting Star CHASE, CLICK Rukiga, Motherfs Union, Bible Society, Child & Adolesrknt Bereavement SeNc&. Spitaifields Crypt Trust and British Red Cross. Christmas collections were sent to Crisis & Hillingdon Home-start. St Giles, conlributlon to the Ickenham Festive evènlng was the popular Santa's Grotto, along with crafts, lombola, and cake stalls. A Christrnas Tree festival was hÈld in the Church. There was
also a Tree of remembrance in St Giles, churchyard where the community COU hang stars wlh the nafflels ofdeparted loved ones these were blessed on12th nighL tism Families seeking baptism are invited to the 9.30am Family Praise or monthly All-age communion serv, meetthe Rectorl Associate Prfesl overcoffee and receive a home vistt. Bereavement su rt team A highly dedicated and welklrained team of bereavement support visitors run a monthly dropin forlhg recently bereaved and also offer one lo one support via home vists or phone calls to those whose family members have had funerals taken by our rninisterial team. The annual memorial service for the bereaved was held in May. CLICK Ruki a A churches and communty link beiween IGkenham and Rukiga as we leam from each other and support a variety of projects. Schools are linked, children sponsoRd, water pipes maintained, and Women's work supported. There is also a Youth Project whiGh aims lo equip school leavers forthe workplace. CN A bi-monthly publication which celebrates all that is good in churGh and community lifp 18 delivpred lo every residenc8 and business in Ickenham- about 5,500 copies are produced and circulated. This is a joint enterprise with the Ickenham URC. The weather-proof dispensers sited al various locations in the village for distribution of the ICN have been popular. Jack and Jill is a group for pre-school children held Monday and Wednesday momings. Marria re aralion is offered lo all Gouples who are married al Sl Giles, Church. Memo Café is now held monthly on Wednesday momings lo welcome those lading memory and thelr ¢8r$, as well as the lonely and isolated. Mess Church was held on Sabjrday afternwns and attracted families who do not usualty come to Sunday worship. This was paused after June 2023. Pa I ral care There is a team of visitors who kp in touch with those who are sick or frail. Youth Grou re-eslablished in SeptemÈer 2021 was closed from Easter 2023 as the numb&TS of young people att8ndlng could rKst justify il Gonlinuing. Church attendancè and electoral roll. Al the lime of thÈ APCM in April 2023 the electoral roll was199. Th&r6 are a number of people who access th8 8am BCP live-streamed seNlce via You Tub8. During a'normal, week there are an average of100 attendees al church service5. Messy Church usually welcomed an average of 40 people eh month. The PCC is indebted lo all who enrich our worship, to all who maintain and enhanc8 our church and churchyard, lo all who arrange our social events, lo those who produce and distribute the Ick8nham Church News 6 Ilmes a year, and lo all tho8& who reach out lo the communlty In so many ways. In May 2023 Felicity inform8d us that she was pslgning. Her last service was Sunday 27 August. Since Ihen, the Church has been In an Interregnum. Revd. Navlna Thompson has ¢onlinued as Associate PiiesL Mèmbèrship of the PCC consists ot Rector, Associate Priest, Licenced Lay Reader, CommlssKned Lay MinisleT5, Churchwardens, Deanery Synod represènlalives, nine elected members13 of whom retlre annually, with 3 new members elected} and up to 3 co-options. The metrbers ol the PCC are responsible for making decisitsns on 811 matters of general concem and importance lo the parish, in¢luding de¢islons on how the funds of the PCC (chuh) are lo be spent. The fLÉII PCC usually meets 6 times during the year. The Fabric and Finance committee la subiommittee oflh8 PCC} on allernal6 months with the December meeting being cancelled, PCC members who have served during the period1 January 202310 31 December 2023.. Rector The Revd. Felicty Davies (stepped down August2023) Associate Priest The Revd. Navina Thompson Licenced Lay Read8r Mr David Thould Commissioned Layminisl8r Mrs Sally Blackm8n Commissioned Layministgr Mrs Emmè Taylor Churchwardens Mrs bnda Varley Mr Geoff Edwards (from APGM 2023) Mr Geoff Edwards fto APCM 2023) Mts AbigilL8mik8nra o APCM 2023) Helen Wardle (lo APCM 2023) MrDarren Guttridge Ilo APCM 2023) {also safeguafding offjcertoAPCM 2023] Mrs Juli Harris Powell ffrom APCM 2023) [also Equalty/diVeIincluS1tin leadj Mr Rog8r oidfAeld [also Hon Secretaryj K4rs Racfi81 Duff (fron7 APCM 2022) Rosefftary Hodgson Un)m APCM 2022) Reps at Deanery Synod Electedmembers
Mis&Anne Sawyer (from APCM 2022) Mrs Lynn Douglass ffrom APCM 2022) Pam Ash Co-opted June 2022 [also safeguarding oftK&r] Mr Colin Bufg8SS Co-optedtHon Twsurer] Najla Matti ffrom APCM 2023) Mr Pal Tavemer ffiom APCM 2023) Mrs Holty Baker Go-OPtedJune 2023 (Childrens champion) Since the 2023 APCM St Gi16s' has no repwenlatbves forlhe Deanery Synod. FINANCIAL REVIEW AND GOING CONCERN STATEMENT Regular giving, together with Gift Aid, was less than hoped for allhough some unplann&d (allonS and an incr8as8 in th8 l&vel of retsined fees served to compensate forthis. Th8 increasg In inleresl rdte5 alsolgd to an Improvement In the level of interest income on investsd funds. Expenditure was b81ow budg91', gnergy c05t Increases were not ultimately as high as feared and regular Maintenan costs were le55 than planned. The General Fund recorded an operating deficit of £16,500 for Ihe year, an improvement on the original budgeted deficll of £20,000. This shortfall was met from rÈSee5. The malor issue faclng us currenuy continues to b8 ts plast8th around the Church, IrKluding the extensive damp problems in St. Johns chap81. The projected cost ofthe works needed Is CulnY well beyond existing reserves and so grant funding is being acliv81y sought. Necessary works lo windows and doors in Ihe ¢hur¢h, bjentified in the Qulnquennial inspection or the recent fire safety review. were paid from Fabric reserv8S Set asldg. A new music cabin&l was also installed. The Church Hall generated £37,000 of Incom8 in the year, principally from lettings. The major cost was in respecl of energy where the huge increases in wice led lo a much high8r ¢ost than in prevlous years. There was considerable analysis and Investigation of energy usage and this continues to be monitored closely. After this and all the regular maintenance and upkeep, the hall fund gnded In a healthy balance of £19,000. The Rukiga Fund contlnued to support over 50 children through theireducation years In Uganda, donatlng over£13,(hJO and also a lurther£4500 to assist in the purchase of a plot of land where local youngsters can leam lo grow crops and manage 8griGutture. These donat)nS and other supportwere financed from regular sponsorship Énd fund.raising activities. The Ickenham Church News IICNI, our parish magazine, fijnded all its printing and production costs from advgrtBing revenue and recordèd A modest surplus at the end ol the year. The PCC have reviewed the church's financlal posltlon Including projected income 8nd expenditvre In the comlng year, the level of cash and reserves togelherwlth the system ol financial rnanagemenL As a result ol this review, the PCC are of the opinion that the church is well placed lo manage ts operational and financial risks successfully. Th8 PCC have a rea50nable expectation that the Church has adequate resources to continue in operational existence forlhe foreseeable future and therefore continues to adopt the going concem basls of accounting in preparing annual accounts. RESERVES St. Giles is a rnedium sized church in a reasonably afflu&nt area. Annual unrestricted Income Is Cuffently around £151,000 including £37,000 from church hall lettings. The church currently employs one part lime member of staff at a cost of £15,000 pernurn. The condition of th& buildings is gen&rally good forlheir ag8 although signrficanl maintenance work is still requir&J on the aSterWork, exlemal walls and in St. Johns chapel. Tho chUh GurrenlIy has general liquid reserves of £68,000.
The PCC discussed the following factors in arriving atthe reserves polGy. Revenue5 are not increasing, and it likelyth reserves wll continue to be needed lo bridge the gap caused by any loss of revenue in 2024. Money should only be kept in reseNe for swific reasons- whilst the Bible cl&arfy indicat8S that we should not hoard. It IS also clear that sensible planning for known events and mKW)fbsibility for others lincluding employees) is important. A wsh to have six months Tunning costs in cash rèseTve5 in case of a major probleTh1£61k} In addition to have six months, salary costs in reservè (k) MuGh of the chUh infrasknjclure is nearing the end of its uselul lrfe and will wuire replacement in the medium le. Of particular concem currently is plastemork in various parts of the church. Extensive w0S on the extemal walls havfy tsken place already bul further costs are inevitable. Whilst investigation into possible fvnding continues, a reserve is desired for this in orderlhat we can meet some of the expected costs. The PCC have fomiulaled a renewed Mission Action Plan. There is a general wlsh that rn0 should be spenton outreach in the conynunity. This includ8s working wth families, Ghlldren, the lonely isolated. Policy.. It is the pollGy of thls church lo hold in reserves the equivalent of six rnonlhs 9gneral running costs and an aJdilDnal six months. salary costs.11 is also our policy to hold an amountfor agreed maintenanc8 and Qthgr G05ts whEch are exFCted to aris8 in the short lem. Furtherto this, lo hdd a reseNe for our Mission Aclion Ptan. The PCC believe that, al present, we have £61,000 in reserve5 in respect ofour wnning costs and salaries. A further £6,500 Is 8el aside towards the required maintenance in Sl. Johns Chapel. Currently there are no furthèr r8s&rv8S to cover Ihg other categories mpnlioned above. The PCC aE mlndful of the need lo cover the effect of falling r8venue and also of ihe fact that the full amount requlred to cover the maintenance woth, whilst still unclear, will tequite a slgnificant fund-raising 8ffort. Therefore, the allocation of these reseNes 11 remain under regular review. Adoptsd by the Parochial Church Council on March19th 2024 &gn8d by Mrs Llnda Varfey Ichurch Warden)
PAROCHIAL CHURCH COUNCIL of ST GILES, ICKENHAM Report of Independent Examlner to the PCC of St Glles. l¢kenham This report is on the financial statements of the PCC for the year ended 31 December 2023. which are set out on pages 6 10 17, in r8specl of an examination carried out in accordance with the ChurGh AGcounting Regulations 2006 and the Charities Act 2011. Respectlve responsibllitles ol trustees and examiner As members of the PCC you are respon8ible for the preparation of the financial statements. You consider that an audll is not required for Ihls year under sectlon 144 of the Charllies Act 2011 and that an independent examination is needed. 11 is my responsibility to.. exomine the accounts under section 145 of the Charities Act, to follow the procedure8 laid down in the general Direction8 given by the Charity Commission (under sectlon 145{51(b) of the Charities Acll, and to stale whetheT particular matters have come to my atlenuon. Bas18 of thls r•port My examination was carried out in accoTdance with the General Dlrecllons glven by the Charity Commission. An examination include8 a réview of the accounting records kept by the PCC end a comparison of the accounts presented with those records. 11 also includes considerallon of any unusual Items or di8closures In the accounts, and se8king 8xplanalions from you as Iruslees concerning any such matters. The procedures undertaken do not provide all thg evidence that would b8 raquired in an audit, and consequèntly no opinion is given as lo whether the accounts present a'lrue ond fairf vlew and the report is Ilmltgd to thos8 rnatter8 sèt out in th8 slat8mènt below. Indep•nd&nt examlnef8 statement In connectior¢ with my examination, no matter has come to my attention.. 1) whl¢h glves me a$¢nabl8 caus$ to belleve that, In any materlal rgspecl. the requirements lo keep accounllng records In accordance with section 130 of the Charities Acl-, lo prepare financial slalemenls which accord with the accounting records and comply with the accounting requirements of the Charities Act and the Regulations have not been met., 2} to which, in my opinion, attention should be drawn in order to enable a propgT understanding ol the financial statements to b8 r8ach8d Mr8. Fiona Chandramohan FCA 15th March 2024
PAROCHIAL CHURCH COUNCIL of ST GILES. ICKENHAM SL*ement of Financial Aetivities forthe year ènded 31 December 2023 Unrestricted Restricted Endowment Total Funds Total Funds Funds Funds Fund 2023 2022 Note Incom8 and gndowments from: Donations and legacies Incom8 from charitable activities Other trading activities Investments 104.527 7.519 2,147 3.825 19.405 123,932 12,885 47.823 3.825 139,022 10,822 43,512 1,247 45,676 Total Income and endowments from: 118.018 70.447 188,465 194603 Expendlture on: Ralslng Funds Costs of g8n8rating voluntary income Fund-raising trading ¢08ls 229 416 236 62 465 478 425 2.742 Expenditure on charitable 8clivi118S Clergy and diocesan wsts Church running expenses Missionary and charitable giving Church servlces Junior church Church hall Churchyard Chureh maga21ne IICN) Community acllvilles Church office Prlnllng & statlonery Bereavement counselllng Iralnlng Youlh,Familie5 and Childrens work Mlsce118neous 90.014 14,463 7,320 4.892 40 90,014 18.473 28,261 5,851 40 36.695 3.214 6.901 3.631 15.500 1.077 335 2,396 87.099 38.927 31,809 5,327 4,010 20,941 959 10 11 12 13 33,148 930 3,547 31,425 885 6,547 3,633 14,030 1.033 440 2.484 122 2,284 1,040 14.867 1.077 335 2,591 633 14 15 2,396 Total exp8ndlture on: 136.977 72,807 3,547 213,331 226,928 Net Income I lexpendlture) regources before transfer {18.959) 12,360) 13,5471 {24,866) {32,3261 TrnnsfeTS Gross transfers betsveen funds-in Gross transfers ba8n funds-out 16,500 123,000) 6,5CiI 23.000 123,000) 25,700 125,7001 Nèt movemgnt in fund$ 125N591 4140 {3,6471 1248661 {313251 Reconclllatlon of lunds Total Funds brought fonvard at 1 January 2023 104.547 62,958 271,316 438.821 471,146 Total Funds carried forward at 31 December 2023 79,088 67,098 267,769 413.955 438,821 The notes on pages 8 to 17 form part of these accounts
PAROCHIAL CHURCH COUNCIL of ST GILES, ICKENHAM Balanc8 Shaat at 31 DecOmr 2023 Unrestricted Re$tri¢ted Endovment Totsl Fund$ Total Funds Funds Funds Fund 2023 2022 Note Fixed assets Tangible fixed assets 17 267,769 267.769 271,797 Currant assets Debtors Short tem deposits Cash at bank and on hand 18 14,800 2,747 EEII 17.547 67,018 74,447 16,095 89,212 76,940 60.518 9.967 6500 64.480 Total Tren1 assets 85,285 73,727 159,012 182,247 Liabllltles- amount falllng wthln one yeaT 19 8.197 6.629 12,828 Net curr8nt assets 79,088 67,098 146.18e 167,024 Total as8Bts le88 current IlabllltleB 79.088 67.098 267,769 413,955 438,821 Llablllt1•8 du• aft•r one year Total Nèt assets 20 267.769 413,955 438.821 Funds General Fund Designated Funds ReslriGted Funds Endowment Fund 2111) 707 78,381 707 78.381 67,098 267,769 970 103.577 62.958 271.316 67,098 267,769 267,789 413,95S 438,821 The notes on pages 8 to 17 fomi part of th¥sg accounts Approved by the Parochial Church Council on 19th March 2024. and signed on its behalf by '. Mrs. Linda Vartey (Church warden) Mr. Colin Burgess AC CGMA (Hon. Treasurer)
NOTES TO THE FINANCIAL STATEMENTS year ended 31 DecemlH 2023 Accountlng poli¢i¢s These accounts have been prepared in accordance with the SORP Accountirbg and Reporting by Charities preparing their accounts in accordance wth FRS102 applicable in the UK and Republic of Ireland issued 16 July 2014, and with the Charities Act 2011. Th8 financial statements have been prepared under the historical cost convention. Joint organt5atlons The Holiday Club operates under the joint auspices of the PCC and the Elders of the Ickenham United Reformed Church. For the purposes of these financial statements 11 Is treated as a restrictéd fund, and ivs financial affairs are incorporated to the extent of 50Vo. Funds Unrestri¢ted fvnds represent the funds of the PCC thal a not subject to any re$triction$ regarding their use and are available for application on the general purposes of the PCC. These include funds designated for a particular purpose by the PCC. The purposes of the restrfcted funds and of th& malor deslgnated funds are noted In the financial statements. The financial statements include all transactions. 8S8ets and liabilitles for which the PCC Gan be held responsible in law. They do not in¢lude the financial statements of ¢hur¢h groups Ihal owe their main affiliation lo another body nor those that afe informal gatherings of church membèrs. Ineomlng R8sourc88 Voluntary Income and capital sourc&s Collections are recognised wh8n received by or on behalf of the PCC Plann8d giving receivable undèr Gift Aid is recognis8d only when rec8lV8d. InGome Tax recoverable on Gift Aid donations is recognised when the inGome is recognised. Grants and legacies to the PCC are accounted for as 500n as the PCC is notlfled of Its legal entitlement. the amount due Is quantifiable 8nd Ils ultimate receipt by the PCC is reasonably ¢¢rtaln. Income frorn fund raising events is accounted for gross. Sales of church brochures and similar items are aGGounted for gross. Olhorlncome Rental income from th8 l&ttlng of church premises Is recognised when the rental is received. Interest entitlements are accounted for as they accrue. Resources used The agreed conlribulion to the London Diocesan Fund Is accounted for when pald. Any amount unpaid at 31 December is provided for in these financial statements as an operational (though rt a legal) liability and is shown as a credbtor in th8 Balanc8 Sheet Grants and obligations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.
NOTES TO THE FINANCIAL STATEMENTS year end8d 31 December 2023 Fixed assots Cons8crdt8d property and movable ChUh rumh1ng8 Consecrated and benefId property of any kind is excluded from the financial statements by S 1012llal and {cl of the Charities Act 2011. Movable church fumishings held by the Rector and Churchwardens on speci21 trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable propety unless consècrat8d. Th8y ar8 lis18d in the church's inventory which can be inspected (at any reasonable timel. For inalienable propety acquired prior to 1999 there Is insuffici8nt cost information availab18 end therefore such assets are not valued in the financial statements. Items acquired since 1 January 1999 have been capitalised and depwiated in the financial statements over thelr currently anliclpated useful economic life {inilially over 15 ye8rs} on a Straht line basis. All expenditure incurred In th8 y8ar on consecrated or beneficed buildings. individual items under £1000 or on the repaiT of movabl8 church furnishings acqulred before 1 January 1999 is written off. Othèr buildings Buildlng $ts for the Church Hall are depreciated on 8 Straight line ba8is over 100 years. Oth8r fixturns, fittings and equlpmont Depreoialion is on a straight line basis over 4 years. Indlvldual items of equipment ( or sets where appropriatel with a purchase price of £1000 or less are written off in the penod in whlch the asset Is acqulred, Curront a88èts Amounts owing to the PCC at 31 December in respect of feés, rents or other income are shown as debtors less any provislon for amounts that may prove uncolleclable. Short18rm deposits include cash held on deposit with the Central Board of Finance of the chh of England. Donatlons and legacle8 Unre8trlcted Regtrlctod TOTAL FUNDS Funds Fund8 2023 2022 Planned giving.. including Gift Aided tax recoverable Collections at setvlces e. including Gift Alded tax re¢oveRble Legacies and in memoriam donations including Grfi Aided tax recoverable Other donations Including Gift Aided lax recoverable Grant income received E62.941 68,983 15.735 68.983 15,735 68,621 15,522 £8,e48 8,758 2,162 8,758 2.162 8,405 1,822 1,821 169 £12,203 5.945 3D3 2,641 104,527 16,658 2.747 22,603 32,882 3.050 3,596 2,641 6,184 19,405 123.932 139,022 A further £ 2.805 was collected on behalf of the following charities.. Disaster Emergency Committee, Hillingdon Foodbank, Red Cross, Crlsis, Homeslart, Bishops discretionary fvnd and Shooting Star.
NOTES TO THE FINANCIAL STATEMENTS year ended 31 December 2023 Unrestrlcted Restricted TOTAL FUNDS Funds Funds 2023 2022 In¢¢mo frtsm charitsble activitie Fees Hall letting Communty adivities 70 1.425 3.871 5.135 1,425 6,325 4,486 1,375 4,961 7.519 5.366 12,885 10.822 (these athilies indude Jack & Jill Group together wlth Sunday lea & coffeg } Oth•r trading actlviti ICN advesIng Hall lettin9 Chrislrnas Festival Calendar sales Fund raising events and Sales 7.182 7,182 7,451 35,782 35,782 28.942 613 1.580 62 692 4.184 4.847 613 62 1.472 2,712 ,51 Coats of generatlng voluntary Income SIardShIP and Gift Aid 'Yellovl envelop¢$ Processing fe¢$ 51 178 51 414 59 306 23e Fund-ral8lng tradlng casts C81gndaT prlntlng Fund ralslng events Chrfslmas fesllval cos18 1,398 1.261 83 396 82 20 Clargy and d10*•n oo¥ts Local and central cosls vla LDF Expenses of the ¢lergy Telephonelsecurity 8yslems for Reclory Water s8rvlce charges for Roctory 87.775 87.775 85.200 696 e03 1,069 474 1,069 474 432 90.014 The agreed contrfbution to the London DIDcesan Fund is £ 87.775. matching Ihelr eslimate of the cost of providing a minister lon an average basi51 plus a fair share of diocesan central c08ts. 10
NOTÈS TO THE FINANcL STATEMENTS yearended 31 Dember 2023 Unr8Strlct8d Restrlcted TOTAL FUNDS Fund8 Funds 2023 2022 Church runnlng expen888 Ltghlinq. healing, water rates InsurAnce Flre exilngu15her51ri5k a558ssment Ga5 boilerservi¢ing and repair Church wallslplaster rèlurblshtnent Depreclatlon of boiler rooml Lllsabled WC Eloetrieal repaits,t85t fe8s.floodltghts Roof and gutters Archile¢tur81 and In8pecUon fees Music eabinèt QIIFlr8 safety work8 on church dO0nd0WB Plumbing and Drains Church signag• Office cabinetlsafe rep8Srs Other fees. maintsnance and repaSrs 5.567 3,780 513 5,567 3,760 513 630 4,634 3,701 761 480 23,052 1,718 1,837 978 481 120 1.150 1.705 481 120 1.150 1,705 1,600 2,410 2.410 378 69e 537 537 14,463 4,010 18.473 38.927 Mlsslonary and charltablo glvlng Churth Mission Soclgty Afrt Ki81izi Hospllal PBrtner3 Blshop ol Wlllesden Fund Iscthoolsl London Dioeeson Fund L8ntAppeo1 URC Illlngdon VVomen& Contra Chlld B?raav8mènt Christian Aid Shootlng S¢ar¢HASE Brilsh Rod Crotsts Op?n Doors Blbb So¢l¢ty DEC Ukraln• app•AI HarlingtDn Hosplce Spltslfiel(Is CryptTN8t Donation to nt&dy familie5 IRukig81 EmFigency Farnily Fund IRuklgal Rukiga Youth Prolect Ki9ezl Women in Developmont (Rukigal Sponsored thildren IRuklg81 Rukvja annual woter m8¢ntenance Hilllngdon Autistic Care and Suppcrt Cènlre forADHD and AlM Support A Ro¢ha Mothers Unlon Other donat18 1,200 1.200 878 1,200 1.2C¥) 878 1,200 1,200 852 71 e,000 400 400 400 600 400 2a0 40D 400 400 4Q) 40Q 400 400 200 4Q) 4C 400 400 400 400 100 2,000 400 4C 2,00) 4.$00 2,000 300 14,318 14.08e 126 14,318 125 1,000 1.QQO 400 400 400 400 42 41X) 400 42 28,261 20,941 31,809
NOTES TO THE FINANCIAL STATEMENTS year ended 310ecember 2023 Unrestricted Restricted Funds Funds TOTAL FUNDS 2023 2022 10 Cost of church S¢TviGe5 Organist Fees Floral arrangements Wine, wafers, candles Licence for reproduang copyright materlal Mothering Sunday and Chrislingle SeTvices Printing and other expenses Glass cruel set for Communlon 3,425 3.425 959 415 806 103 58 85 3,140 950 216 740 128 153 959 415 806 103 58 85 92 959 27 Restrlcted Endowment TOTAL FUNDS Funds Fund 2023 2022 11 chUh Hall ¢osts Insuranc8 Heatsng, light,water Cleaning Redecoration costs General maintenance and repairs Roof repairs and gutters Carpet Illes r6plac8ment LED and Em8rg8ncy lightlng Electrical certification check Central heating boiler replaGem8nt Depreciation Alarm system installalionlmaintenance Telephone, administralive and miscellaneous 2,342 15,585 8,347 450 1,453 2,342 15,585 8,347 450 1,453 2,302 6,656 8,092 3.444 2,023 168 950 1,140 950 1,140 1,260 102 2,769 3.547 108 954 3,547 3,547 1,900 981 1,900 981 33,148 3,547 38,895 31,425 Unro8trlcted Re8trlcted Funds Funds TOTAL FUNDS 2023 2022 12 Churchyard Churchyard signage Garden of Remembrance refurbishment Major tree pruning New compost facillty Replacement garden machinery Routine garden & maintenance costs 1.350 1,350 540 930 930 104 830 104 830 155 2,284 930 3,214 885 13 IGkenham Church News costs Printing & Design Computer and website costs Advert in Fests'val brochure PoslagelMis¢ellaneous 6,846 10 6,846 10 6,176 10 200 161 45 45 6,901 6,901 6.547 12
NOTES TO THE FINANCIAL STATEMENTS year ended 31 December 2023 Unrestricted Restricted Funds Fund$ TOTAL FUNDS 2023 2022 14 Church Office Gross salary12023.. 1 eTnpIoy88, 2022.. 18mployeel Employers pensionllife assurance Computer and software Telephone Payroll and other office costs 12.109 545 709 895 609 12,109 545 1,092 895 859 11,934 537 163 792 604 383 250 14,867 633 15,SOO 14,030 16 Youth, Famllles and ChlldT8ns work Gross salary 12023.. 1 gmpYoye¢.2022.' 1 &mploye*l Laptop computer Aclwities expenses Administrative expenses 2,117 2,117 1,896 332 279 279 256 2,396 2,396 2,484 16 Related Partlgs Expenses including car mileage allowance. travel costs. computer expenses and administrative costs were paid to 2 members of the PCC, amountlng in total to £ 975 {2022.' £8591 One member of the PCC was employed during the year, under the legal authorlty of th6 Charities Act 2011, the Church Representation Rules and the PCC Powers11956 } measurg as amended. Mrs.Navina Thompson received a salary of £ 2,117 In respect of her employment as Youth and Chlldrens Project Coordlnator. {2022'. £18961 No other payrnents,employee benefits or expenses were paid lo any other PCC member, persons closely Gonnecled to them or related parties. Donations from related parties {PCC members) in aggregate amounted to £ 11,370 and were received without any restrictions as to their use.12022'. £ 16,5861 13
NOTES TO THE FINANCIAL STATEMENTS year ended 31 December 2023 17 Flxed assèts Hall (freehold) Hall Church equipment equipment TOTAL Gross cost at 1 January2023 additions in the year at 31 December 2023 Depreciation at 1 J8nu8ry 2023 charge in the year at 31 December 2023 354.679 22,045 124,309 501.033 354.679 22,045 124,309 501,033 83,363 3,547 86,910 22.045 123.828 481 124,309 229.236 4.028 233,264 22,045 Net book valu8 at 1 January 2023 at 31 DeGeffiber 2023 271,316 267,769 481 271,797 267,769 The land for the church hall cost £520. Thè front hall was bullt In about 1933 at a cost of £2360. The rear hall was bui5t in about 1938 at a cost now eslimat8d at £1200. R8furbishmenl costs of £350.599 were ¢apllallsed in the years 1996 to 2004. The church hall kitchen undeNent a major refurbishment in 2017. The total cost of £ 22,045 was capitalised and depreciated over 4 years Gommencing 2017. Tha installation of a new boiler facility for the church together with a disabled WC wa$ completed betsveen 2018 and 2020 al a cost of £92,268. 2023 2022 18 Dobtor8 Tax recoverable-Glft Ald Interest on deposlt account Other debtors 16,250 977 320 18,095 17,547 19 Llabllltles :amounts falllng due wtthln one year A¢¢ruals Deferred ICN advèrtising Incomé Deferred Energy cost grant from LDF Money received on behalf of other charities 6,197 6,504 4,513 6,822 2,641 1,247 125 12,826 15,223 Advertising income for the Church magazine reiVed in respect of the following yéar is deferred at the balance sheet date and included in income next yèar. A grant towards energy Costs, received from the Diocese,was deferred until 2023 when the main impact of recent cost increases was incurred. 20 Analysls of net assets by fund type Unrestrictèd Restricted Endowment Funds Funds Funds TOTAL FUNDS Fixed assets Current assets (gross) Current liabilities 267,769 267.769 159,012 {12.826} 85,285 16,1971 73.727 16,629) Fund balances 79,088 67,098 287.769 413,955 14
NOTES TO THE FINANcL STATEMENTS yearend8d 31 DarMr2023 21 Fund detslb and rnovemgrrts Unre$tri¢ttd fund$ Fund5 been aside foi spedfic putWEe6. The major ones are- Mission Aetion Plan. D8siynatod fund s8t asido in support of Mis5Ton Action Plan obJ'8th"v•s. L•gaths- Unr•strieted1ogaa8s prowding a r8soN• for running costs and futum major projects. For benefit of children of the chlwch cornmunty, especially thE olr. Avallable long term for malntenance, fefurblshment or placemont of lh• organ. GibbDn5- Organ- 8alanc 1 January 2023 Movomènts in r•sour¢è¥ Balan¢• 31 D8comb•r 2023 Incorning Outgoing Tran8f•rn Mlssion Action Plan IM4PI LegacAes Gibbons Organ 7,843 84,e80 500 10.554 10 2,186 123,000} 7,833 59,494 500 10.554 103.577 970 2,198 122,000) 134,781 16,500 78,381 707 Gen8r81 Fund 118,018 104,547 118018 6500 A tr8nsfer of £ 18,500 wa8 mado from Legacy Fund to Gengr81 FurKI to support annual runnln9 ¢98ts. A furtherE6500 wo6 Iranslerrèd from Legacy Fund to a new Ch8P81 fund to 8UPWt grant applIc8one Icr Ihe relurblshrnentol St.John8 chapel. Rg•trb¢tsfl Fund• Some fund6 are held lor restrfcted PUTpoye$ or, In the of Hollday Club and Jock and Jill group, relate to separate organ180tlon8. Balanrg 1 Japu•ry 2023 Movorn•nt• In resour¢e• B*lanc• 31 D•¢•mbèr 2023 In¢ornlng Oulgolng Tr•n8fgrs Youth Work Chap81 Church Ha chUh Fabri CLICK Rukl98 Church lowers Hollday Club ICN Jack and Jill Group 3785 2396 1369 6500 19045 1447 30552 1339 837 2482 3507 6SOO 14988 4887 33072 1412 877 1873 37207 33148 4940 21547 1021 350 690 2504 19027 948 310 7510 3945 62958 70447 72807 6.500 67098 Endovnnent Fund The Chufch Hall held under a trust deed dated 3 Nov¢mber 1932 pftmarily for educational purposes. There is a power lo sell the premise¥, Subject to the CO[en1 ef the London Dioctrsan Fund. and to distrlbute the proceeds. Balanc8 l January 2023 Movements In re¥ource8 Balance 31 December 2023 Incomlng OutgoÈng 271.316 3,547 267,7S9 15
NOTESTO THE FINANCIAL STATEMENTS yearended 31 D&mber 2023 22 Church Workers Penslon Fund ICWPF) st. Giles Church participates in the Pension Builder Scheme section of CWPF fur lay staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and other participating employers. CWPF has sections: 1.The Defined Benefits Scheme 2.The Pension Builder Scheme, vthich has tsvo subsections. a. A deferred annuity section known as Pension Builder Classlc. and, b. A cash balance se¢lion known as Penslon Bullder 2014. Pension Builder Scheme Both sections of the Pension Builder Scheme are classed as defined benèfit schemes. Pension Builder Cla88ic provides a pension. accumulated from contributions pald and converted into a deferred 8nnuily during employment based on terms set and reviewed by the Church of England Pensions Board from time tc lime. Discretionary increases may also be added, depending on investment returns and other faGlors. Pension Bullder 2014 is a cash balance scheme that provides a lump sum which members use lo provide benefits al retirement. Pension contributions are recorded In an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The aonI, plus any bonuses declared is payable, unreduced, from age 85. There Is no sub-dlvision of assets be8n employers In each secllon of the Pension Bullder Scheme. The scheme is considered to be a multi-employer scheme as described in Sectlon 28 of FRS 102. This is because it is not possible lo attribute the Pension Builder Scheme's assets and liabilllies to specific employers and means that contributions ar8 accounted for as if the S¢hom• w&re a deflned ¢onlributi¢n scheme. The p¢n$lons costs charg&d to the SOFA In tha year aro the ¢ontrlbutlons payable12023.' £ 484, 2022.. £ 477}. A valuatlon of the Penslon Bullder Scheme18 carrled cut once every three years. Thé most recent valuatlon was ¢arrled out as at 310e¢ember 2019. For the Pension Builder Classic section, the 2019 valuation revealed a defl¢lt of £4.8m on the ongoing assumptions used. At the most recent annual revlew effectlvo 1 January 2024, the Board chose to grant a discretionary bonus of 6.7% to both pensions not yet in payment and pensions in payment in respect of SeiCe prior to April 1997., and a bonus on pensions in payment in respect of post April 2008 seNlce SO that the pension increase was 5% (where usually it would be calculated based on inflation up lo 2.SQ/o}. This followed improvements in the funding position over 2023. There is no requirement for deficit payments at the current time. For the Pension Builder 2014 section, the 2019 valuation revealed a surplus of £5.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current lime. Th6 next valuation Is due as at 31 December 2022. Calculations for thls are currently underway. The leg81 slructure of the 8cheme 18 Such that if another employer fai18, St.Giles Church ¢ould become responsible for paying a share of the failed employels pension liabilities. 16
NOTES TO THE FINANcL STATEMENTS Ytrarwd 31 December 2023 PAROCHIAL CHURCH COUNCIL ofST GILES. IGKENHAM ststementof Flnanctal Activitlos forth? prloryearended 31 Decembpr2022 Unrestrictsd Restricted Endowm•nt Total Funds Total Fund8 Fund8 Funds Fund 2022 2021 In¢om and endownents from: Donations and legaeS Incorne from charitabl8 actNiti85 Olh8rtrading activitigs Inv85tments 107,550 31,472 6,278 39,104 139,022 10,822 43,512 1,247 124,047 7,271 25,413 83 4,408 1,247 Total in¢om• and ondowm•nts from: 117749 76.864 194.603 156.8 Exp•ndituto on: Raising Funds Costs ofgeneT8lno voluntsry Incomi Fund-raising trading co818 214 1,625 211 1.117 425 2,742 775 132 Exp•ndiluTS on eha¢itabl• Acknvities Clèrgy and ditse6s&n costs Church Nnnin9 •xpenso$ Missionary and charitabK•oNIt)g Church 8ervica8 Junior church Church hAII Churchyard Chureh mAgazintr IICNI Community aCtivith•s Churth office Printing & st81ion8ry Bereavemènt couns811ing trainin9 Youth.F&miliè6 and Childr8n8worf M15C811an•DU$ 87,099 32.635 7.323 4.377 87,099 3B.927 31,809 S,327 87,218 44,038 29,390 4,482 6,292 24.486 950 10 27,878 3,547 31,426 24,101 2,473 6,259 2,190 13,875 1,440 300 10.351 189 12 13 88S 6,547 2,572 e,S47 3,633 14,030 1,033 440 1,061 14.030 1.033 440 14 15 2,484 72 122 Tot41 •xpgndlturn on.. 160.794 72,587 226,928 22Y,213 Not Income I1oxpondltur•l r••ouK•s b•for• tran$f•r 133,0451 4,267 13,$471 {32.3261 170.3991 Tran8fer8 Gro¥s tr4nsfers between fiJnd84n Gros$ tr8n8feTs btheen funds-out 19,700 11g.7001 6.000 16,0001 25,700 {25,7 27,000 127,0001 Net rnovernent in lund# 133,0461 4.267 I37) 132,3281 170.3991 Reconclllaiion of fund Totsl Fund8 brought forward 8t 1 January 2022 137592 58,691 274,863 471.146 $41,545 Totsl Fund5 tarrièd forward t 310ec8mbor2022 104,547 62.958 438 821 471.146 17